How Much is My Hair Worth?

how much is my hair worth

Saving money can be difficult. Oftentimes we look for new and innovative ways to make some extra cash to stash away. I’ve been trying to save up cash for a substantial emergency fund but have found it difficult. So, I started looking for new ways to make money.

I stumbled upon plenty of articles about strange ways to make money, how to make money selling your body and even how to sell your hair. The last one was what caught my interest though. You can sell hair? How much is my hair worth?

What Kind of Hair Can You Sell?

First, you’ve got to have nice hair to be able sell it. No one will want to buy damaged hair. However, if you’ve got 10 (or more) inches to chop off and your hair is healthy, you’re in business! Most buyers are looking for “virgin” hair which means it has never been dyed, washed too much or subjected to high temperatures. So, how can you sell your hair and how much is your hair worth?

How to Sell Your Hair

Selling your hair is actually pretty easy, especially considering what an odd task it seems to be. As previously stated, you’ll need to cut at least 10 inches off your head. You can do this yourself or get it cut professionally (Great Clips cuts it for free if you cut 10+ inches).

Now that you’ve chopped your hair you can go about selling it online. You can go to Buy and Sell Hair and Online Hair Affair to post your hair for sale. Decide which site you’d like to make the listing on. The listing should include details like the length, texture, hair care habits and information about your lifestyle. You’ll pay a one-time listing fee for your posting but it’ll be worth it once you make a ton of cash from selling your hair.

How Much is My Hair Worth?

Purchasing long, healthy hair is actually pretty expensive. On the sites mentioned above, hair has been priced in the high hundreds and even low thousands. You can always compare your hair to other listings on the site as well to determine a fair price for your hair. If you’re still wondering “how much is my hair worth,” you can use this calculator to determine how much you should sell your hair for.

As I said earlier, I am not able to sell my hair for extra cash because I’ve dyed it quite a bit. However, it turns out that it is a legitimate way to make money (and quite a bit of it). If you’re looking for a way to make extra money and have 10 inches to spare, sell you hair!

Would you sell your hair for cash?

Photo: Richard foster

A Shopaholic’s Dilemma – Saving and Budgeting

5052250997_0f994bb8b5_zFinancial discipline isn’t easy, and the spending patterns of the typical consumer are proof of that. In the United States in 2016, the average household had $16,061 in credit card debt. That’s not even factoring in other types of debt, such as mortgages, auto loans and student loans. All things considered, that average household racked up about $1,300 in interest charges.

One of the reasons that people accumulate so much debt, particularly credit card debt, is that they don’t manage their spending. Then, they end up with a mountain of debt and no savings in case an emergency hits. Learning how to stop overspending takes time and dedication, but it’s crucial for a bright financial future. There are a few simple ways you can budget better and build up your savings account.

  1. Write a Budget

Every household should have a budget. If you want to save money, you need to know how much you have coming in every month and where it’s going. A budget doesn’t need to be a long, tedious task. It’s actually fairly simple to make one, and you can do it on your computer or with a pen and paper. Calculate your approximate income every month. Those who receive an hourly pay or a salary can do this easily, but if your income varies, estimate an average monthly amount. Then, list all your current bills and expenses. While you may not be able to list an exact amount for every expense, such as food, you can still come up with an accurate estimate based on your spending history.

Ideally, you should be making at least 50 to 100 percent more than you’re spending every month. If that’s not the case, see if you can cut down on your expenses or find a way to secure additional income.

  1. Pay into Your Savings Account First

Here’s the number-one way to save money – make it a priority. That means commit a specific amount, such as 10 percent of your monthly income, towards saving. List it as an item on your budget. When you get paid, your first payment should go right into that savings account.

People who successfully save money do so by committing to it. The reason why it’s important to put money into your savings account first is because if you don’t, you’re likely to find ways to spend that money before the end of the month.

  1. Treat Your Credit Card Like a Debit Card

Credit cards can be an excellent tool to improve your financial situation. You can build your credit score when you use credit responsibly, and earn credit card rewards that get you a return on your spending.

Credit cards can also be your worst nightmare if you don’t use them wisely. The secret to using credit cards properly is using them as if they were your debit card. If you don’t have the money in your account to pay for something, don’t put it on your credit card. Pay off your bill in full every month so you don’t ever pay any interest.

  1. Think Long-Term

The hardest part about avoiding overspending is the temptation to make purchases for the short-term pleasure that it brings. You feel good when you buy that pair of shoes you had your eye on, or a new sound system for your TV. But every unnecessary purchase is money that you could have put in your savings account. Before you buy something, think long and hard about if you really need it. Take a day to decide. Often, you wake up the next day and realize that you really don’t need whatever you were planning to buy.

The difficult part about reining in your spending isn’t knowing what to do, it’s committing to it. Dedicate yourself towards improving your spending habits and you’ll be pleased with the results.

Have You Used The Walmart Savings Catcher App?

Walmart Savings Catcher
Just about everyone has a Walmart or a Walmart Supercenter nearby. In fact, 8 percent of every dollar spent in America is spent at Walmart. The store is known for having great deals and saving people quite a lot of money, however, many Walmart shoppers don’t know they could be saving even more cash with the Walmart Savings Catcher app.

The Walmart Savings Catcher App

You know that QR code at the bottom of each of your Walmart receipts? Well, you can scan that using the Walmart Savings Catcher app and save yourself a ton of money! The app takes the information from your receipt and finds the same items in your area at different stores. If other stores are offering the item for less, you receive the difference on your Walmart account. After you’ve scanned the QR code it may take up to 72 hours for your savings to be posted to your account but you’ll be able to use the cash you saved during your next trip to Walmart (or stash it for a larger Walmart purchase).

The Walmart Savings Catcher app is a free app available on iPhone and Android. Once you’ve downloaded it you can scan the QR code on your receipt and begin saving money.

How to Use Walmart Savings Catcher

The app is pretty user-friendly (from my personal experience). Simply go to Google Play or the App Store and download the app and begin scanning your receipts.

The QR code that you’ll be scanning is located at the bottom of your Walmart receipt. It is easiest to do this right after you’ve been shopping but you can scan receipts up to a week after you’ve made your purchases. For example, if you made your purchase on February 1 you can scan the QR code in the Walmart Savings Catcher app up until February 8.

Once you’ve gotten your receipts scanned into the app, Walmart Savings Catcher does the rest. You’ll receive a notification when you receive cash from the Savings Catcher and you can have it added to an eGift card to use in-store or online.

More Information About Savings Catcher

Walmart Savings Catcher
Now that you’re caught up on what the Walmart Savings Catcher app does and how you use it, there are a few other things people commonly ask about the app. According to the Walmart Savings Catcher website, these are some of the most frequently asked questions:

  • What type of promotions does Savings Catcher include? The Walmart Savings Catcher honors any BOGO deals that has the price is listed in the competitor’s ad. It will also honor any sales prices from other top retail stores (no locally-owned stores though). However, it will not honor any BOGO deals without a price listed in the ad, percentage off entire section deals (ex. 40% off all women’s clothes), closeout sales or competitor-specific deals.
  • Can you use Savings Catcher online? No. The app can only be used for in-store purchases.
  • Can you still use coupons? Yes! In fact, Walmart compares the price before the coupon is applied.

Customer Service for the Walmart Savings Catcher App

Although I’ve not had any issues with the Walmart Savings Catcher app, some people have had some trouble. There have been a number of reviews citing issues with the app. Worst of all, it seems if you need to troubleshoot the app, customer service seems to be scarce. Here are a few tips on how to troubleshoot the app:

  • If the app is down you can access your personal Savings Catcher account on the website. If you need to upload a receipt you will have to manually enter the code.
  • Delete the app and re-download (sometimes you have to do this to get it to work).
  • Give it some time. Servers can get crowded. Wait a little while and the issue may resolve itself.
  • If you’d like to speak to a customer service rep about the app, you can call the customer service line at 866-224-1663. or start a chat online.

Even with its hiccups the Walmart Savings Catcher app is totally worth it. Give it a try! You’ll likely recognize savings the first time you try it.

Have you tried the Walmart Savings Catcher app? 

Photos: The Motley Fool and Deal Wise Mommy

The Next Housing Crash: When It’s Coming and How to Protect Yourself

housingcrashWhile the shockwaves of the 2007-08 recession continue to reverberate, for the most part, the American economy as regained its feet. Unemployment is down, consumer spending is up, and house prices and interest rates have surpassed where they were pre-recession.

However, while most Americans revel in the positive economic developments, many market experts are concerned over potential warning signs of economic disaster to come. For one, housing prices haven’t merely recovered; they have skyrocketed in recent months, perhaps revealing another housing bubble. Worse, some lenders have fallen back on dangerous mortgage practices, such as accepting exceedingly low down payments and approving ludicrously low credit scores.

In truth, the housing market endures cycles of high and low mortgage prices that last roughly 18 years. If the market follows a pattern that has lasted more than 200 years, we can look forward to a few more years of market expansion, followed by a brief hypersupply phase where construction overshoots demand, and finally another recession. In 2024, there should be another housing bust ― but the impact of that bust depends on how lenders and buyers behave during the booming interim.

Financial experts are all but predicting another market crash, which could devastate homebuyers and homeowners. Fortunately, there are methods you can take to protect your property from the crisis to come.

Have a Stable Job

One of the most fundamental requirements to qualify for a mortgage is income. Trustworthy lenders scrutinize your taxable income to determine whether you have reliable and sufficient money coming in to pay for your home loan. It is possible to acquire a mortgage without stable income, perhaps by applying for “no documentation” mortgages, having a co-signer, or accepting excruciatingly high interest rates, but it is financially safer to find a steady job before buying your home.

Further, an established job is less likely to disappear during a slow economy ― especially if you develop a career that is indispensable regardless of the economy’s health. For example, retailers suffered greatly during the recent recession, and many retail workers lost their jobs; meanwhile, nurses, auto mechanics, IT professionals, and similar skilled workers maintained their income because people continued spending in those fields. Not only will your stable job keep your home secure, it will keep you employed and earning while the housing market does backflips.

Cultivate Your Net Worth

Similarly, having a higher net worth will keep you solvent during an economic downturn. Should your job prove non-recession-proof, you should be able to pull from other assets, such as savings accounts, to pay your mortgage and retain your home. A high net worth is less fragile than income ― and it is more fun, too.

To cultivate your net worth, you should make strong financial decisions when you have the income and market stability to do so. Those who build high net worth tend to boast the same few habits:

  • They live frugally within their means.
  • They grow emergency funds. At the least, your emergency fund should be able to pay three months of basic living expenses.
  • They pay down their debts, starting with the highest interest first. You might consider refinancing or seeking a NJ home equity loan to reduce your debt faster.
  • They work to increase their immediate income, taking side jobs or seeking raises.
  • They invest their money in long-term index funds. Day trading might seem to offer higher rewards, but it is much riskier than carefully managed, slow-growth funds.

When the housing market does crash, your high net worth will provide a cushion to keep you living comfortably despite disconcerting economic behavior.

Make a Down Payment

It might seem like a waste of money to make a down payment when so many lenders do not require one but down payments are as beneficial to homebuyers as they are to lenders. For one, making a down payment of at least 20 percent allows you to dodge private mortgage insurance, which would increase your monthly payment. In fact, the more money you can put in your down payment, the better, since you will never need to pay interest on that amount. Then, when the housing market turns, you will have a lower monthly mortgage payment and be that much closer to owning your home outright.

Buy Small, Pay Less

Few homeowners truly need as much space as they believe. Instead of looking for a four-bedroom, four-bath for you and your significant other, you should buy a smaller home that better suits your immediate needs. Smaller properties are more recession-proof for dozens of reasons: They cost less initially, and they demand lower insurance payments, taxes, maintenance fees, utility usage, and décor purchases. With a smaller home, you have more money to use to increase your net worth, and you will be less likely to default during the next market crash.